Trudeau Economy: TransCanada Wants To Sell Much Of Their Stake In B.C. Natural Gas Pipeline

Without strong leadership from the federal government, companies want to get their investments out of Canada.

There’s yet another example of concerning news for perceptions of Canada’s economy.

TransCanada has hired RBC to facilitate their intention to sell up to 75% of their stake in a B.C. pipeline.

The pipeline in question is the Coastal GasLink pipeline.

According to the CP, “The RBC news is contained in a 16-page response by TransCanada to a challenge now being heard by the National Energy Board over the jurisdiction of the B.C. provincial regulator of the pipeline. B.C. resident Mike Sawyer argues that because TransCanada will operate the pipeline and the connected Nova Gas Transmission Ltd. system together, they form a single pipeline that crosses the Alberta-B.C. boundary and therefore must be regulated by the federal government. TransCanada’s response is that the purpose of Coastal GasLink is to move natural gas entirely within the province and therefore provincial approvals are appropriate.”

Keep this in mind: The Trudeau Liberals purged Conservative appointees from the National Energy Board, an re-wrote many of the regulations around approvals – something they’re making even worse with the upcoming Bill-69.

The fact that the project is more uncertain than ever, and the fact that the Trudeau Liberals have repeatedly refused to take action to ensure pipeline projects are completed, has destroyed confidence, and that makes investors want to get out of town.

Welcome to the Trudeau Economy: Slowing growth, stagnant wages, rising debt, rising taxes, and collapsing investment.

Spencer Fernando

Photo – YouTube

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eddyshawn harrisSpencerFernandoNancyWEd Peebles Recent comment authors
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Del
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Del

We tentatively look forward to the Liberal win the the Nanaimo BC by-election. Another Provincial election could be on the horizon. Go Nanaimo.

Ed Peebles
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Ed Peebles

The BC GOVERNMENT could be up for a change in Management fairly soon , best to wait !

NancyW
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NancyW

I wonder if the big companies know (obviously) that this next election is fixed also, so know the corrupted rich foreign run and supported LIEberals will be getting in again???? I certainly hope not, it will be the end of Canada. The Conservatives must get this information out somehow in the mainstream news and so must we. Support Spencer, and give his name out to as many people as possible, we know the LIEberals will try and destroy and demonize him, like they do anything truthful and FOR Canada. If it is alright by Spencer, we should print out copies… Read more »

shawn harris
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shawn harris

Trudeau has done everything within his power to keep our oil and gas in the ground, while deceitfully proclaiming to be helping the oil industry overcome the threats from environmental movement and get the pipelines built to tidewater. And after three years of his bringing balance between the oil industry and foreign paid NGOs and environmentalists, Canada has no new pipelines and the ones under study for approval, appear to be on the brink of being cancelled. So it is no wonder at all, that most of the oil industry is either waiting Trudeau and his government out or they… Read more »

eddy
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eddy

Trudeau leadership?

Nonexistent since he takes his orders from $oros.